The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat
Thursday, 19 January 2017
Last updated 42 min ago
Jun 11 2012 | 1:50am ET
Citadel Investment Group’s return to form took a hit in May.
The hedge fund giant’s flagships lost 1.5% last month, cutting its year-to-date gains to 7.5%. The Kensington and Wellington funds completed an impressive comeback earlier this year, cresting their high-water marks more than three years after they took a beating during the financial crisis. The funds rose 62% in 2009 and 20% last year to get back to par.
Kensington and Wellington lost ground on macro bets while turning a profit on its stock bets. The firm’s Equity Fund returned 0.85% on the month and is up 6% on the year.